MSRDC To Build New Headquarters On Bandra Reclamation

22 Sep 2025 CW Team

The Maharashtra State Road Development Corporation (MSRDC) will construct a new headquarters, MSRDC Bhavan, on the 24-acre Bandra Reclamation plot, previously used as a camp office and casting yard. The redevelopment contract was awarded to Adani Realty in February under a revenue-sharing arrangement, officials said.

“It is a joint development project and the first phase will take about five years. We will operate from Kohinoor Square mall until then,” said MSRDC managing director Anil Gaikwad. Environmental clearances for the project are already in place.

Adani Realty was selected as the preferred bidder by offering 22.79 per cent revenue to MSRDC, surpassing Larsen & Toubro’s 18 per cent offer, despite L&T having a stronger net worth of Rs 4.8 trillion compared to Adani’s Rs 2.9 trillion.

The Bandra plot has a potential development area of 4.5 million square feet and is valued at around Rs 300 billion, according to sources.

MSRDC, formed in the 1990s, initially operated from a camp office at Priyadarshini Park along Napean Sea Road, while the Bandra plot served as the site office for the Bandra-Worli Sea Link. The office was meant to be demolished after the sea link’s completion nearly 15 years ago, but MSRDC continued using the plot for temporary offices and casting yards, activist Zoru Bathena noted.

Although the plot is now used for the Versova-Bandra Sea Link, MSRDC claims ownership and development rights over it, drawing criticism over prolonged occupation similar to encroachments under Slum Rehabilitation Authority schemes, Bhathena added.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..